Starling Bank, a pioneering digital bank headquartered in Great Britain, has transformed the banking landscape since its inception in 2014. With a focus on providing innovative financial services, Starling operates primarily in the UK, offering a range of products including personal and business accounts, loans, and payment solutions. Renowned for its user-friendly mobile app and real-time banking features, Starling Bank stands out in the fintech industry by prioritising customer experience and transparency. The bank has achieved significant milestones, such as becoming the first UK bank to receive a full banking licence from the Prudential Regulation Authority in 2016. With a strong market position, Starling has garnered numerous awards for its services, solidifying its reputation as a leader in the digital banking sector.
How does Starling Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Starling Bank's score of 39 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Starling Bank reported total carbon emissions of approximately 237,000 kg CO2e. This figure includes 32,000 kg CO2e from Scope 1 emissions, 173,000 kg CO2e from Scope 2 emissions, and 32,000 kg CO2e from Scope 3 emissions. In comparison, the bank's emissions for 2023 were about 180,000 kg CO2e, with Scope 1 at 23,000 kg CO2e, Scope 2 at 138,000 kg CO2e, and Scope 3 at 19,000 kg CO2e. This indicates a significant increase in total emissions year-on-year. Over the past few years, Starling Bank has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets have not been disclosed. The bank is classified as a financial institution and operates within the banking sector in the United Kingdom. As of now, Starling Bank has not committed to a net-zero target, and its near-term reduction targets have been removed. The bank's carbon intensity ratio, which measures carbon emissions per full-time employee, was reported at about 70 kg CO2e in 2023 and 68 kg CO2e in 2022, indicating a slight improvement in efficiency. Starling Bank's ongoing efforts reflect a growing awareness of climate impact within the financial sector, although further commitments and transparency regarding emissions reduction strategies would enhance its sustainability profile.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Scope 1 | 14,980 | 00,000 | 00,000 | 00,000 |
Scope 2 | 194,060 | 000,000 | 000,000 | 000,000 |
Scope 3 | - | - | 00,000 | 00,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Starling Bank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.